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Publicado: 23 de abril de 2011
MINCCER, JILIAN. (2008). Microlending for microbankers. The Wall Street Journal , 1.
Abstrac
Increasingly, individual investors can make microfinance loans themselvesthrough charitable organizations and the Internet.Microcredit, which was made prominent by Nobel Peace Prize winner Muhammad Yunus, is the practice of making small loans tothe world's poor. While the goal is the charitable one of helping them out of poverty, investors are discovering that most borrowers -- 97% industrywide – repaytheir loans, according to San Francisco-based nonprofit outfit KIVA.A growing number of private banks are offering high-net-worth individuals advice to help theminvest in microloans. The Internet and groups like mutual-fund company Calvert, national financial services organization TIAA-CREF and international microfinanceorganization Accion are enabling individuals to make small loans, typically for one to four years, and get a return ranging from 1% to 4% annually. The minimum investment inloans made through Oikocredit, if not made online, is $1,000 for one year with a maximum 2% return. The fund has about $530 million deployed to 410 credit banks andalmost 220 cooperatives, which work directly with the borrowers. (Investments can be made online for as little as $100 through the MicroPlace Web site.) Individuals caninvest as little as $100 on the Web site in one of the agencies. Subsequent investments can be made for $50 or more. Returns are typically in the 1% to 3% range for periods ofone to four years. Investors don't pay a fee, but the site charges the issuers of the securities 1% of the loan. Ms. Turner says that eBay has committed to reinvest the profits.
Abstrac
Increasingly, individual investors can make microfinance loans themselvesthrough charitable organizations and the Internet.Microcredit, which was made prominent by Nobel Peace Prize winner Muhammad Yunus, is the practice of making small loans tothe world's poor. While the goal is the charitable one of helping them out of poverty, investors are discovering that most borrowers -- 97% industrywide – repaytheir loans, according to San Francisco-based nonprofit outfit KIVA.A growing number of private banks are offering high-net-worth individuals advice to help theminvest in microloans. The Internet and groups like mutual-fund company Calvert, national financial services organization TIAA-CREF and international microfinanceorganization Accion are enabling individuals to make small loans, typically for one to four years, and get a return ranging from 1% to 4% annually. The minimum investment inloans made through Oikocredit, if not made online, is $1,000 for one year with a maximum 2% return. The fund has about $530 million deployed to 410 credit banks andalmost 220 cooperatives, which work directly with the borrowers. (Investments can be made online for as little as $100 through the MicroPlace Web site.) Individuals caninvest as little as $100 on the Web site in one of the agencies. Subsequent investments can be made for $50 or more. Returns are typically in the 1% to 3% range for periods ofone to four years. Investors don't pay a fee, but the site charges the issuers of the securities 1% of the loan. Ms. Turner says that eBay has committed to reinvest the profits.
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